Technology

LAHORE (Staff Report) – Telenor’s Easypaisa, a leader of the mobile banking sector, has launched Pakistan’s first mobile-based credit account, offering term deposit plus running finance.

Easypaisa’s dual value product is unlike any other currently in the market, providing a fantastic term deposit with attractive returns and a credit facility with an instant approval bundle for Easypaisa account users.

The deposit product offers a 10% return on savings with a monthly profit payout; some of the best terms available in the country, including the traditional banking sector.

Furthermore, customers can get credit line at cheapest available borrowing rates without having to break their deposit.

Using the facility does not require tedious paperwork requirements and wet signatures, or even standing in queues, and submission of extensive paperwork for basic financial services, bringing unparalleled convenience to eligible Easypaisa customers.

Muhammad Yahya Khan, Head of Easypaisa, on the occasion of the launch said, “With our pioneering digital products suite, we have paid special attention to the needs of our customers by expanding the value proposition of Easypaisa Account, while reaffirming our ambition of Banking-for-All.”